300 Washington Grand Haven, MI 49417
COMMERCIAL - Grand Haven, MI
Property Features for 300 Washington
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 4
- Rooms
- Bathroom 4, Basement, Bathroom 3, Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 70-03-20-444-009; -010; -011
- Size
- 5,566 SF
- Lot size
- 0.97 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- See documents attached for 3 units' individual legal descriptions.
- Tax Annual Amount
- 21333
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2023
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Stone
- Roof type
- Rubber
Listing agent David Ten Cate License #6502325769 (616) 847-1031
Listing office Capstone Real Estate LLC PO Box 261, Grand Haven, MI (616) 847-1031
Listing date Dec 2, 2025
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime downtown Grand Haven location, just 3 blocks from the waterfront.
- Substantial 5,566 SF investment opportunity in a landmark building.
- Three completely renovated commercial units with new mechanical systems and finishes.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.8k | $17.04 |
| − Vacancy | −$13.1k | −$2.35 |
| EGI | $81.8k | $14.69 |
| − OpEx | −$20.4k | −$3.67 |
| NOI | $61.3k | $11.02 |
